Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
market news
The US dollar index softens, and the high-level talks between China and the United States have made substantial progress
Wonderful Introduction:
If the sea loses the rolling waves, it will lose its majesty; if the desert loses the dancing of flying sand, it will lose its magnificence; if life loses its real journey, it will lose its meaning.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: The US dollar index has returned to softening, and substantial progress has been made in the high-level economic and trade talks between China and the United States." Hope it will be helpful to you! The original content is as follows:
On May 12, early trading in the Asian market on Monday, Beijing time, the US dollar index hovered around 100.57. Last Friday, the US dollar index weakened as the market waited and watched the Sino-US talks, and once fell to 100.08, and finally closed down 0.21% to 100.42. The benchmark 10-year U.S. Treasury yield closed at 4.3890%; the two-year U.S. Treasury yield closed at 3.9100%. As India-Pakistan relations continued to rise last week, spot gold continued to rebound after breaking $3,280 on Friday, finally closing up 0.68% to $3,326.46 per ounce. As China pointed out that the high-level economic and trade talks between China and the United States have made substantial progress, and Trump predicted that one of the most important and influential content will be released, spot gold opened lower by US$41 on Monday; on Friday, spot silver closed up 0.98% to US$32.72 per ounce. Oil prices hit their first weekly gain since mid-April last Friday as the U.S. eased trade conflicts with other countries. WTI crude oil approached $61 and finally closed up 1.29% at $60.99 per barrel; Brent crude oil closed up 1.14% at $63.88 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 100.57. The dollar performed strongly last week, with the dollar index recording weekly gains, mainly due to the conclusion of the U.S.-U.K. trade agreement and market optimistic expectations for talks between China and the United States. At the beginning of the week, the US dollar rose steadily against major currencies, especially against the Japanese yen and Swiss francs. However, the dollar saw a slight correction on Friday, down 0.01% against the Swiss franc to 0.83150 and 0.39% against the yen to 145.35.5. Technically, if the U.S. dollar index closes below support level 100.20–100.40, it will move towards 99.81 of 50MA.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On the Asian session on Monday, gold trading around 3277.08.21. The talks made substantial progress as the high-level economic and trade talks between China and the United States were held in Geneva, Switzerland last weekend; this has boosted the market's risk-taking sentiment and suppressed the safe-haven buying demand of gold. The news that Putin proposed to resume direct negotiations between Russia and Ukraine in Türkiye on the 15th and the India-Pakistan ceasefire also hit the morale of gold bulls.
2) Analysis of crude oil market trends
On the Asian session on Monday, crude oil trading was around 60.75. The prospects of the US-UK agreement and China-US meeting have driven a rebound in risk appetite, and xmmarkets.cnbined with the improvement of China's import and export data, they have formed the cornerstone of the rebound in oil prices. Technically, after WTI crude oil breaks through the $60 mark, it may continue its volatile upward trend in the short term, but OPEC+ production increase and geopolitical risks are still potential negative.
Forex market trading reminder on May 12, 2025
22:25 Federal Reserve Director Kugler delivered a speech
The above content is all about "[XM Foreign Exchange Official Website]: The US dollar index has returned to softening, and substantial progress has been made in the high-level economic and trade talks between China and the United States". It was carefully xmmarkets.cnpiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!
After doing something, there will always be experience and lessons. In order to facilitate future work, we must analyze, study, summarize and concentrate the experience and lessons of previous work, and raise it to the theoretical level to understand it.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here
CATEGORIES
News
- 【XM Decision Analysis】--USD/CAD Forecast: Can the Loonie Hold Against the US Pre
- 【XM Market Analysis】--NASDAQ 100 Forecast NASDAQ 100 Continues to Power Higher (
- 【XM Market Analysis】--GBP/USD Forex Signal: Wedge, Death Cross Points To a Drop
- 【XM Market Analysis】--EUR/JPY Forecast: Euro Struggles Near Key Levels Against Y
- 【XM Market Analysis】--EUR/USD Forecast: Euro Weak Near 1.04